“Atos Consulting chosen by MMA to partner merger with Azur as Part of Covéa”
Paris – April 8, 2008
The MMA Group selected Atos Consulting, a division of Atos Origin, to conduct the feasibility study and lead the operational deployment of its merger with Azur as part of Covéa.
Atos Consulting's role in guiding, managing and coordinating this promising project supported the quick, successful and efficient combination of the two companies.
The new entity, operating under the MMA brand, is France's third largest general insurer, with three million customers.
"We chose Atos Consulting for its ability to lead large-scale merger projects and successfully translate strategy into operational results," said Christian Baudon, MMA's Chief Executive Officer. "We worked together in a climate of trust throughout the entire merger process. Atos Consulting's experts paid careful attention to our needs and provided a high level of expertise throughout the process, enabling us to make fast, steady progress and respect the timetable and commitments made at the start of this strategic project."
As part of its assignment, Atos Consulting's business transformation specialists defined the merger's fundamentals, target organization and implementation process, making sure to preserve each company's identity, network features and unique customer base. After operationally completing the first phase of the plan, which involved preparing the products for sale, Atos Consulting helped operating managers lead and coordinate project tasks, facilitating their ownership of the transformation process and paving the way for the following stages, including migration issues and life insurance operations.
These two phases enabled the new entity to offer its agents an aligned product range via a shared information system and the same resources and processes, backed by an optimized network of agents. With the advantage of critical mass, the new mutual insurer was fully prepared to enter the marketplace, providing uninterrupted customer sales and services.
"We have a longstanding, close relationship with the MMA Group," said Catherine Poncet, Partner Atos Consulting. "Our consultants' neutrality and ability to coordinate different teams—particularly the business and IT teams—were instrumental in fulfilling this complex assignment. Thanks to Atos Consulting's in-depth expertise and experience in managing mergers, we leveraged all of our advisory and transformation capabilities to successfully complete the project."
About MMA Group
One of France's top ten insurance companies, MMA has more than 7,000 employees, 1,500 agents and more than 2,000 sales outlets. The company reported nearly €5,208 million in premium income in 2006, making it France's third largest general insurer, with more than three million customers. MMA offers a wide range of products, from savings plans to automobile, healthcare and home insurance, as well as a variety of commercial insurance solutions for professionals and businesses. It also offers banking services, such as the passbook savings plans and auto loans.
Covéa is a Société de Groupe d'Assurance Mutuelle (SGAM), formed from the merger of GMF, MAAF and MMA. It is France's leading property and casualty insurer, with nearly 20% of the market. It is organized around three divisions: GMF and MAAF, which are direct sales mutual insurers, and MMA, which sells through agents.
About Atos Consulting
Atos Consulting, Atos Origin's specialized consulting business, is a leading provider of management consulting and information system services. With more than 2.500 employees around the world, it supports customers in their organizational and technological transformation projects by delivering innovative, pragmatic solutions in the telecom, manufacturing, financial services and public sectors.
About Atos Origin
Atos Origin is one of the world's leading international information technology services companies. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company's annual revenues total €5.8 billion and it employs 50,000 people in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors.
Atos Origin is listed on the Paris Eurolist Market and trades as Atos Origin, AtosEuronext Market Solutions, Atos Worldline and Atos Consulting.
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